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olganol [36]
3 years ago
5

1. Describe Village Volvo's service package.

Business
1 answer:
Novay_Z [31]3 years ago
3 0

Answer:

See the explanation for the answer.

Explanation:

1. Village Volvo’s service package involves following 5 service package:-

a) Implicit Service:-Mechanics of Volvo provides very friendly environment with positive attitude. They acts as helping hand to customers by providing them advice/consultancy.

b)  Explicit Service:-Volvo provide high quality of repair services with a reasonable price thereby ensuring that all Volvo vehicles are running smoothly with no problems.

c)   Facilitating goods:-They provide good waiting area for their customers with services such as TV, coffee, soft drink machine newspaper.

d)  Supporting facility: - They occupy new building and keep it neat and clean. This building include all facilities as per requirement.

e)  Information:-Mechanic understand vehicle’s problem first, analyze solution and notify customer with estimated cost and time required.

2. Distinctive characteristics of a service firm illustrated by Village Volvo are:-

a)  Trust

b)  Customer comfort and satisfaction

c)  Respect

3. Village Volvo can manages its back office like a factory by adoption framework of quality management i.e

a)  Giving more importance to safety of its employees.

b)  Stressing more on security of its employees

c)  Create friendly environment for employees to work in and provide employee satisfaction.

d)  Provide a sustainable growth.

4. Village Volvo can differentiate itself from Volvo dealers from following ways:-

a)  Sustainable customer touch points.

b)  Professional mechanics/agents

c)  Through service excellence, village Volvo can create a differentiation.

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Assuming technology and production techniques are fixed and cannot change, if beyond some point of production, a firm experience
UkoKoshka [18]

Answer:

law of diminishing marginal returns

Explanation:

Based on the information provided regarding this situation it seems that the firm is experiencing the law of diminishing marginal returns. This is basically stating that producing more units per output will sooner or later cost a lot more than the initial value, because inputs are being used less as well as less effectively.  This will continue to be so as production increases.

6 0
4 years ago
A new company manufactures tennis rackets. The fixed expenses are $78,490 and the variable expenses are $14 per racket produced.
fomenos

The solution for the problem follows:

 

Expense = variable expenses * quantity of produced + fixed expenses

= 14q + 78,490

= 14 (3500) + 78, 490

= 49000 + 78,490

= $127, 490 is the total expense for 3,500 tennis rackets

 

Get the per piece expense by dividing 127,490 to 3500

Expense per piece = 127,490 / 3500

= $36.43

 

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3 0
4 years ago
In order to deal with the financial problems inherent to the current Social Security system, President Waldhart proposes that an
marysya [2.9K]

Answer: means test benefit

Explanation:

A means test is used to determines whether an individual or a household will be eligible to get some payments or benefits.

An example is the one illustrated in the question whereby President Waldhart proposes that anyone making over $150,000 would receive no benefits.

7 0
3 years ago
Cost of debt with fees. Kenny Enterprises will issue a bond with a par value of ​$1,000, a maturity of twenty​ years, and a coup
Salsk061 [2.6K]

Answer:

Kenny Enterprises

Cost of Debt with fees:

Market Prices                    $982.48     $1,004.93     $1,068.15       $1,171.91

Cost of debt   (b- a)             $48.59          $26.14        ($37.08)     ($140.84)

Cost of debt in percentage  4.86%           2.61%           -3.71%        -14.08%

Explanation:

a) Data and Calculations:

Market Prices                    $982.48     $1,004.93     $1,068.15      $1,171.91

Investment bank charges    25.00            25.00          25.00          25.00

a) Net bonds proceeds    $957.48        $979.93    $1,043.15      $1,146.91

b) Repayments:

PV of interest payments   $770.66      $770.66       $770.66     $770.66

PV of principal ($1,000)       235.41         235.41          235.41        235.41

Total repayments           $1,006.07   $1,006.07     $1,006.07  $1,006.07

Cost of debt   (b- a)            $48.59        $26.14        ($37.08)     ($140.84)

Cost of debt in percentage  4.86%       2.61%           -3.71%        -14.08%

Present values of interest payments:

N (# of periods)  40

I/Y (Interest per year)  7.5

PMT (Periodic Payment)  37.5

FV (Future Value)  0

Results

PV = $770.66

Sum of all periodic payments $1,500.00

Total Interest $729.34

Present value of principal repayment:

N (# of periods)  20

I/Y (Interest per year)  7.5

PMT (Periodic Payment)  0

FV (Future Value)  1000

 

Results

PV = $235.41

Total Interest $764.5

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A person who organizes, operates, and assumes the risk for a business venture is called an entrepreneur. They are commonly seen as a business leader and innovator. Businessman sometimes take advices from them. 

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3 years ago
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